NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, October 20, 2014

Speaking in Kigali, Rwanda where he is attending the East African Business Leaders’ Summit, the Head of State said the competition in mobile money would deepen mobile money services and benefit users.

“New technologies are creating advantages for our people,” he said. Mr Kenyatta also revealed, “Some people came to me to say that licensing this or that will have consequences. We have all this mobile money (they said) and others are coming up with new SIMs (that put it at risk)’. But I told them: ‘Let them (Equity and Safaricom) fight it out. All we want is cheaper and better products for people’.”